Victorian-Style Office
New
For Sale
$495,000
314 S S ROUTE 73, Berlin, NJ 08009
C-3 Highway Commercial zoning supports potential professional office use, subject to applicable approvals.
Property Size1,860 SF
Lot Size0.33 Acres
Days on Market7
Property Features for 314 S S ROUTE 73
General Information
Standard status
Active
Size
1,860 SF
Lot size
0.33 Acres
Property subtype
MixedUse
Zoning
C-3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,933
Building Details
Building Size
1,860 SF
Year Built
1900
Buildings
1
Stories
2
Construction
Victorian
Listing Agency:
Eagle Commercial Real Estate
Listed By:
Kenneth F Pustizzi · License #2566047
(856) 985-8565
Source:
Patmckennarealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eagle Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, this two-story Victorian-style property contains 1,860 SF of above-grade space and a full basement. Its current layout includes four bedrooms and two bathrooms. The building is situated on approximately 0.33 acres and has 150 feet of frontage along Route 73 in Berlin, New Jersey.
Berlin Borough’s C-3 Highway Commercial zoning district allows for potential professional office, medical and wellness, and financial or insurance uses, subject to applicable approvals. The property is currently configured as a residence; any commercial use or improvements require the relevant approvals. Residential occupancy may also be possible, subject to municipal verification and applicable approvals.
Route 73 carries an estimated 30,000–50,000 vehicles daily, and approximately 370,000 residents live within a 15-minute drive.
Berlin Borough’s C-3 Highway Commercial zoning district allows for potential professional office, medical and wellness, and financial or insurance uses, subject to applicable approvals. The property is currently configured as a residence; any commercial use or improvements require the relevant approvals. Residential occupancy may also be possible, subject to municipal verification and applicable approvals.
Route 73 carries an estimated 30,000–50,000 vehicles daily, and approximately 370,000 residents live within a 15-minute drive.
Key Highlights
- 1,860 SF of above‑grade space in a two‑story building
- Current layout includes four bedrooms and two bathrooms, plus a full basement
- Approximately 0.33 acres with 150 feet of Route 73 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,100
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,000
$522.0K
Cap Rate 7%
$372,857
$372.9K
Cap Rate 9%
$290,000
$290.0K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$40.8K $21.96/SF
− Vacancy
−$6.0K −$3.25/SF
EGI
$34.8K $18.71/SF
− OpEx
−$8.7K −$4.68/SF
NOI
$26.1K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,000
Cap Rate 7%
$372,857
Cap Rate 9%
$290,000
Alternative Uses
Best Use
Office B
$372.9K
$326.3K – $435.0K
NOI $26,100 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.6K
$412.7K – $550.2K
NOI $33,013 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - C-3 Highway Commercial zoning supports potential professional office use, subject to applicable approvals.
Where is this office building located?
The property is located at 314 S S ROUTE 73 Berlin, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,860 SF of above‑grade space in a two‑story building; Current layout includes four bedrooms and two bathrooms, plus a full basement; Approximately 0.33 acres with 150 feet of Route 73 frontage
